ATS Co. (TSE:ATS) Given Average Recommendation of “Buy” by Analysts

Shares of ATS Co. (TSE:ATS) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$50.17.

A number of equities analysts recently issued reports on ATS shares. Scotiabank boosted their target price on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. TD increased their price target on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada decreased their price target on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday.

Insider Buying and Selling at ATS

In other news, insider Doug Wright bought 8,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of C$41.44 per share, with a total value of C$343,952.00. Following the completion of the transaction, the insider directly owned 16,900 shares in the company, valued at C$700,336. This represents a 96.51% increase in their ownership of the stock. Insiders own 0.97% of the company’s stock.

ATS Trading Up 1.4%

TSE:ATS traded up C$0.59 during mid-day trading on Friday, hitting C$42.59. 436,882 shares of the company’s stock traded hands, compared to its average volume of 231,933. The firm has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 224.16 and a beta of 0.97. The firm has a 50 day moving average of C$43.63 and a two-hundred day moving average of C$40.95. ATS has a 12 month low of C$33.72 and a 12 month high of C$49.48.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.The company had revenue of C$744.30 million for the quarter.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.